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Microsoft offers voluntary retirement to long-serving employees

Vector illustration of the Microsoft logo.

Microsoft is changing up its annual rewards and performance programs today, and offering long-serving employees in the US the ability to voluntarily retire. It's the first time in Microsoft's more than 50-year history that the company has offered such a voluntary retirement program.

"Many of these employees have spent years, and in some cases, decades, shaping Microsoft into what it is today," says Microsoft's HR chief Amy Coleman in a memo seen by The Verge. "For those who may be considering their next chapter, we're offering a one‑time Voluntary Retirement Program." Microsoft says it applies to only a "small percentage of our US employees …

Read the full story at The Verge.